Popular belief has it that it is mostly very young people who start their own companies, usually kids right out of college, with bright idea’s and low risk. That’s the US model, what’s ours?
A brief analysis of the participation in Startup Insiders event confirms that it is pretty much the same here. Its mostly college graduates or those with a couple of years of experience that are attending these events (and by extension, more interested in starting up their own business). Common sense says, the older you get, the less risk you might want to be exposed to.. right?
Finally, we have data (at least from the states) that the most active age group starting up their own businesses are between the ages of 55 to 64! Yes, read that again… fifty five to sixty four! ‘young’ people (aged 22-34) were least likely to start their own company! The data was gathered by the Kauffman Foundation and can be found here.
So my message to all you ‘old timers’ who feel like they’ve been left out of the race is… it’s time to make your own race! Open up a business and be your own boss! Afterall… the ‘americans’ are doing it
Observations around my own person reveal that quite a few businesses (and i’m including non-IT as well) are actually setup by people in their late 30s or early 50s. These include shops, boutiques, beauty parlors and even gymnasiums.
Hope you realize, start ups are not just IT, they do tend to exist in other domains too.